WA Branch Finance Report - 2003

	2003	2002
Union Dues - Rail Division	126,374	105,552
Union Dues - Locomotive Division	128,014	124,024
Union Dues - Bus Division	2,890	-
Interest Received	2,917	5,299
Rents Received	103,347	108,787
Journey Cover Recoupment	17,777	13,927
Other Income	13,096	12,110
TOTAL INCOME	394,415	369,823
LESS TOTAL EXPENDITURE	417,653	478,280
SURPLUS FOR YEAR	(23,238)	(108,457)

Statement of financial Position as at 31 December 2003

Report of the Auditors to the Members

We have examined the Balance Sheet of the Australian Rail Tram & Bus Industry Union of Employees (the Union) as at 31 December 2003 and the related Statement of Income and Expenditure for the period then ended. Our examination included such tests of the accounting records and other audit procedures, as we considered necessary in the circumstances.

(A) In our opinion:

(i) the organisation kept in relation to the year ended 31 December 2003 satisfactory accounting records, including:

1. Records of the sources and nature of income of the organisation (including income from members); and
2. Records of the nature and purpose of the expenditure of the organisation; and

(ii) the accounts and statements, prepared under section 273 of the Workplace Relations Act 1996, as amended, in relation to the year ended 31 December 2003 were properly drawn up so as to give a true and fair view of:

1. the financial affairs of the organisation as at the year ended 31 December 2003; and
2. the income and expenditure, and any surplus or deficit, of the organisation for the year ended 31 December 2003.

(B) We have, where necessary, obtained all the information and explanations which, to the best of our knowledge and belief, were necessary for the purpose of our audit.

Richard Gardiner ACA - Partner
Atkins Gardiner & Co
Chartered Accountants

1st Floor, 624 Murray Street, PERTH WA 6000
5 May 2004